Garner Asset Management Corp Has $6.52 Million Stock Holdings in The RMR Group Inc. (NASDAQ:RMR)

Garner Asset Management Corp increased its holdings in The RMR Group Inc. (NASDAQ:RMR - Free Report) by 11.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 321,684 shares of the financial services provider's stock after purchasing an additional 33,411 shares during the period. The RMR Group makes up 3.0% of Garner Asset Management Corp's investment portfolio, making the stock its 4th biggest holding. Garner Asset Management Corp owned 1.01% of The RMR Group worth $6,516,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of RMR. JPMorgan Chase & Co. boosted its holdings in The RMR Group by 36.6% during the third quarter. JPMorgan Chase & Co. now owns 112,982 shares of the financial services provider's stock valued at $2,867,000 after acquiring an additional 30,258 shares during the period. CWA Asset Management Group LLC increased its position in The RMR Group by 160.2% in the 4th quarter. CWA Asset Management Group LLC now owns 48,029 shares of the financial services provider's stock worth $991,000 after buying an additional 29,568 shares during the period. Segall Bryant & Hamill LLC acquired a new position in shares of The RMR Group during the fourth quarter worth approximately $603,000. Renaissance Technologies LLC boosted its position in shares of The RMR Group by 4.8% in the fourth quarter. Renaissance Technologies LLC now owns 487,214 shares of the financial services provider's stock valued at $10,056,000 after acquiring an additional 22,300 shares during the period. Finally, Aviance Capital Partners LLC acquired a new stake in shares of The RMR Group in the fourth quarter worth $395,000. 42.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded The RMR Group from a "hold" rating to a "buy" rating in a research note on Tuesday, March 25th.

The RMR Group Price Performance

Shares of RMR stock traded up $0.16 during trading hours on Friday, reaching $15.18. 161,925 shares of the company were exchanged, compared to its average volume of 111,442. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $483.42 million, a price-to-earnings ratio of 11.41 and a beta of 1.08. The stock's fifty day moving average is $17.06 and its two-hundred day moving average is $20.26. The RMR Group Inc. has a fifty-two week low of $14.52 and a fifty-two week high of $26.43.

The RMR Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.86%. The RMR Group's dividend payout ratio (DPR) is presently 135.34%.

About The RMR Group

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides asset management services in the United States. The company offers management services to its four publicly traded real estate investment trusts, three real estate operating companies, and private capital vehicles. It also provides advisory services to publicly traded mortgage real estate investment trust.